Indigo Protocol iETH (IETH)
Indigo Protocol iETH (IETH)
4071.51 0.79 %
Rank # 500+ Watchlist
Low High
24H Range
Market Cap
24 Hour Trading Vol
Fully Diluted Valuation 906.03 B
Circulating 0.00
Total Supply 425.00
Max Supply 0.00
  • Ethereum cardano-f66d78b4a3cb3d37afa0ec36461e51ecbde00f26c8f0a68f94b6988069455448
  Week Month Year All Time
High

16-12-2024

4071.51
0.00%

10-11-2024

4588.11
-11.26%

24-05-2024

4588.11
-11.26%

07-12-2024

₹5,730,800.59
-11.31%
Low

10-11-2024

3743.977806979
8.75%

26-10-2024

2475.6150632765
64.46%

08-01-2024

1943.7186603267
109.47%

10-03-2023

₹5,628.29
184.60%

Indigo Protocol iETH News (Ieth News)

 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Indigo Protocol iETH Chart (Ieth Chart)

Indigo Protocol iETH Price USD (Ieth Price USD)

Sr. Exchange Pair Price Spread Volume Volume% Confidence Last Traded Trust Score
Indigo Protocol iETH Price History (Ieth Price History)
Price Market Cap Volume Date
Coin Indigo Protocol iETH
Comments
Indigo Protocol iETH Price Today (Ieth Price Today)
iETH is synthetic Ether and was the first new iAsset whitelisted by the Indigo DAO for the Indigo Protocol. The Indigo Protocol is a CDP (Collateralized Debt Position) based DeFi protocol that brings capital-efficient synthetic assets to the Cardano ecosystem. Users can purchase iETH from a DEX just like any Cardano native asset, or can mint iETH within the Indigo Protocol by depositing ADA as collateral. When users mint iETH within the Indigo Protocol, they must deposit sufficient ADA such that their CDP remains above the applicable Minimum Collateralization Ratio (MCR) - meaning a user deposits collateral in the form of ADA that ensures over-collateralization. If the value of a user's ADA collateral begins to decrease toward the MCR, a user can choose to add more collateral to keep their iETH position above the MCR. If a user’s collateral becomes worth less than the MCR of their iETH debt, the Indigo Stability Pool providers will allow the user to keep their iETH but will exchange Stability Pool iETH for the user’s higher value ADA collateral. Thereby ensuring that iETH remains overcollateralized and that the Indigo Protocol remains solvent via its efficient liquidation process. Unique to Indigo, users still receive their ADA staking rewards from stake pool delegation while ADA is being used as collateral in a CDP. This CDP Liquid Staking feature presents a unique use case for iETH in trading strategies. The Indigo DAO controls the iETH parameters and can therefore vote to raise or lower the Minimum Collateralization Ratio for iETH and all Indigo iAssets. Also read: HiBEANZ Hibeanz Price USD
Frequently Asked Questions (Crypto FAQs)
The current price of Indigo Protocol iETH (IETH) is USD 4071.51
24 Hours, High Price of Indigo Protocol iETH (IETH) is USD 4105.1 and Low price of Indigo Protocol iETH (IETH) is USD 3960.06
The total supply of Indigo Protocol iETH (IETH) is 425 and Circulating supply of Indigo Protocol iETH (IETH) is 0.00
The trading volume of Indigo Protocol iETH (IETH) is In the last 24 hours